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iuthvK5866
24.06.2020 •
Business
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 168 Units in beginning inventory 0 Units produced 9,650 Units sold 9,250 Units in ending inventory 400 Variable costs per unit: Direct materials $ 32 Direct labor $ 74 Variable manufacturing overhead $ 20 Variable selling and administrative expense $ 24 Fixed costs: Fixed manufacturing overhead $ 144,750 Fixed selling and administrative expense $ 10,200 What is the net operating income (loss) for the month under variable costing
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Ответ:
The net operating income for the month under variable costing is $11,550
Explanation:
In order to calculate The net operating income for the month under variable costing for Farron Corporation we would have to make the following calculations:
According to the given data:
i) Direct Material=$32
ii) Direct labor=$74
iii) Variable manufacturing overhead= $20
Hence, Variable costing unit product cost (i + ii + iii)= $126
A) Sales ($168 per unit * 9250 units sold)=$1,554,000
B) Less variable expenses:
Variable cost of goods sold
($126 per unit * 9250 units sold)=$1,165,500
Variable selling and administrative
($24 per unit × 9250 units)$222,000$1,387,500
C) Contribution margin (A – B)=$166,500
D) Less : fixed expenses
Fixed manufacturing overhead= $144,750
Fixed selling and administrative$10,200$154,950
E) Net operating Income ( C-D)=$11,550
The net operating income for the month under variable costing is $11,550
Ответ:
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Explanation: